Saturday, June 20, 2026
Venezuela rounds up US oil executives as Guaidó visits DC- oil and gas 360

Venezuela rounds up US oil executives as Guaidó visits DC

Houston Chronicle MIAMI (AP) — Six American oil executives under house arrest in Venezuela were rounded up by police hours after President Donald Trump met Venezuelan President Nicolás Maduro’s chief opponent at the White House, according to family members of the men. Alirio Zambrano said early Thursday that the executives of Houston-based Citgo were abruptly taken from their homes last

India's Reliance says purchases of Venezuelan oil have been approved by the U.S.- oil and gas 360

India’s Reliance says purchases of Venezuelan oil have been approved by the U.S.

Reuters NEW DELHI – India’s refining firm Reliance Industries (RELI.NS) on Thursday said its purchases of Venezuelan crude have been reported and approved by the U.S. government after American officials warned oil firms about their activity in Venezuela a day earlier.   The United States on Wednesday said oil companies, including Reliance, Russia’s Rosneft (ROSN.MM), Spain’s Repsol (REP.MC) and U.S.-based

Venezuela's PDVSA, in default, says total debt remained unchanged in 2019- oil and gas 360

Venezuela’s PDVSA, in default, says total debt remained unchanged in 2019

Reuters CARACAS – Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in default on its bonds as sanctions freeze it out of the global banking system. PDVSA, which is short for Petroleos de Venezuela S.A., has stopped paying interest on most its

Exclusive: PDVSA's partners act as traders of Venezuelan oil amid sanctions - documents- oil and gas 360

Exclusive: PDVSA’s partners act as traders of Venezuelan oil amid sanctions – documents

Reuters CARACAS/PUNTO FIJO, Venezuela – Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to joint-venture partners including Chevron Corp (CVX.N), which in turn market the oil to customers in Asia and Africa. This would not violate sanctions as long as sale proceeds are used for paying off

Venezuela opposition cuts deal to delay possible Citgo seizure- oil and gas 360

Venezuela opposition cuts deal to delay possible Citgo seizure

Reuters Venezuela’s opposition has reached a deal with the custodians of a bond issued by state oil company PDVSA to prevent bondholders from seizing U.S. refining subsidiary Citgo, the bond’s collateral, until May, according to court filings and a source. The opposition-appointed PDVSA board, which is recognized in the United States as the company’s rightful representation, last month sued in

PDVSA, Chevron to turn Venezuela crude blending plant back into upgrader: sources-oag360

PDVSA, Chevron to turn Venezuela crude blending plant back into upgrader: sources

Source: Reuters CARACAS (Reuters) – Venezuelan state oil company PDVSA and Chevron Corp plan to turn their joint venture Petropiar plant back into a crude upgrader, after months operating as a less complex blending facility, three people familiar with the operation said. The companies plan to begin producing Hamaca-grade synthetic crude for export at the plant early next year, said

Citgo Gets U.S. Subpoena Related to Venezuela Bribery Probe - Oil & Gas 360

Citgo’s New CEO Confident in an Uncertain Time

From The Houston Chronicle Houston’s Citgo Petroleum is under attack on multiple fronts. Creditors for its parent company want to seize its refineries. It’s at the center of a fight for control over Venezuela. The Justice Department is investigating it and its parent company’s role in an alleged foreign bribery scheme. And its facing mounting pressure to do something about

Citgo Gets U.S. Subpoena Related to Venezuela Bribery Probe - Oil & Gas 360

U.S. Court Confirms Citgo Board Appointed by Venezuela’s Opposition

From The Houston Chronicle In a victory for Venezuela’s opposition government, a U.S. judge confirmed Citgo Petroleum’s board of directors appointed by Juan Guaido, squashing socialist leader Nicolas Maduro’s efforts to regain control over the Houston oil refiner. On Wednesday a Delaware judge issued a final order approving the Guaido board, who have been effectively leading Citgo since the opposition

Citgo Gets U.S. Subpoena Related to Venezuela Bribery Probe - Oil & Gas 360

CITGO Board Appoints Former Venezuelan Oil Executive as CEO

From The Houston Chronicle CITGO’s board of directors has appointed former Venezuelan oil executive Carlos Jorda as CEO of the embattled Houston refining company. In a statement released on Wednesday morning, the company’s board reported that the year-long search for a new CEO ended Jorda being selected for a role. A fomer executive with the Petroleos de Venezuela, S.A., or

Citgo Gets U.S. Subpoena Related to Venezuela Bribery Probe - Oil & Gas 360

Citgo to Appoint New CEO to Navigate Political, Legal Turmoil – Sources

From Reuters Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela (PDVSA). Citgo cut ties with PDVSA earlier this year after U.S. President

U.S. weighs more sanctions on Venezuela to halt fuel deals: Bloomberg- oil and gas 360

Venezuela Begins Expansion of Crude Joint Venture with China

From Reuters A Venezuelan oil joint venture with a state-owned Chinese company has started an expansion project to boost output to 165,000 barrels per day (bpd), President Nicolas Maduro said on Thursday, from a current capacity of 110,000 bpd. Sinovensa, owned by PDVSA subsidiary Venezuelan Petroleum Corp (CVP) and China National Petroleum Corp (CNPC), produces extra-heavy Orinoco crude and blends

U.S. weighs more sanctions on Venezuela to halt fuel deals: Bloomberg- oil and gas 360

Right-Wing Groups Ask Trump Not to Intervene With Citgo

From The Houston Chronicle A bevy of right-wing groups are asking the Trump administration not to intercede on behalf of the Venezuelan opposition government to keep Citgo Petroleum from being seized and auctioned. The Houston-based refiner Citgo is owned by Venezuela’s state oil company, and it’s considered a valuable asset to help Venezuela rebuild if there’s regime change in favor